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Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now.

– Denis Waitley

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Preventing disputes among your grown children over their inheritance

Siblings are often contentious regarding the inheritance of their parents’ assets. However, such acrimony can be avoided by implementing certain steps that will prevent any type of forced sharing among your children. In order to prevent financial disputes among your adult children, refrain from using a pot trust, which is the term used by many […]

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The importance of making arrangements for your digital assets

Most people do not consider making plans for their digital assets so that their loved ones and estate executor can access them after they die. But in this digital age of social media and online accounts, it is becoming increasingly essential to store your account passwords in order for family members and executors to locate

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Catholic issues within estate planning

The recent 10-day visit by the Pope Francis attracted large crowds and television viewers who were mesmerized by his presence and his message. Nearly every facet of his visit was a tribute to his idea of Catholic values, including his interaction with inmates and the disabled. There are approximately 70 million Catholics residing in the

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It is important for individuals to name alternate beneficiaries when drafting a will

Much of estate planning, including the drafting of a will, involves preparing for different contingencies. One of the most important contingencies a person should make preparations for in a will is the possibility that the will writer may outlive one of his or her beneficiaries. One way to plan of this possibility is the naming

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Trusts are a trusted way of ensuring that an inheritance passes to children as intended

One of the most important decisions many people must make during estate planning is how to leave an inheritance for their children. One of the more popular and reliable vehicles for bequeathing property to children is through trusts. The consequences of not making arrangements for the proper management of an underage child’s inheritance could turn

Trusts are a trusted way of ensuring that an inheritance passes to children as intended Read More »

As circumstances change, ‘Last Will and Testament’ may not be final word on an estate

“Last Will and Testament” is a popular title for the document in which a person, known as a testator, names one or more people to manage his or her estate and provides for the distribution of his or her property after death. But when a person’s life circumstances change, a “Last Will and Testament” may

As circumstances change, ‘Last Will and Testament’ may not be final word on an estate Read More »

With proper planning and the right choices, a person can spare heirs the probate process

Probate tends to be costly and lengthy — so much so that many people seeks ways to avoid asking their heirs to go through the process at all. There are legal, probate-free means for transferring assets to heirs in the United States, but they vary from state to state. Within the metropolitan Washington area, which encompasses

With proper planning and the right choices, a person can spare heirs the probate process Read More »

With proper planning and the right choices, a person can spare heirs the probate process

Probate tends to be costly and lengthy — so much so that many people seeks ways to avoid asking their heirs to go through the process at all. There are legal, probate-free means for transferring assets to heirs in the United States, but they vary from state to state. Within the metropolitan Washington area, which encompasses

With proper planning and the right choices, a person can spare heirs the probate process Read More »

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